Electrovaya (NASDAQ:ELVA) Posts Earnings Results, Beats Expectations By $0.01 EPS

Electrovaya (NASDAQ:ELVA) announced its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. Electrovaya had a negative return on equity of 18.87% and a negative net margin of 3.33%. Electrovaya updated its FY 2025 guidance to EPS.

Electrovaya Trading Up 2.5 %

ELVA opened at $2.50 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.69 and a current ratio of 1.03. The stock’s fifty day simple moving average is $2.49 and its 200 day simple moving average is $2.32. Electrovaya has a 1-year low of $1.67 and a 1-year high of $4.24.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Electrovaya in a research note on Friday. Raymond James set a $4.50 price target on Electrovaya and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. Finally, Roth Mkm restated a “buy” rating and issued a $5.00 price target (up previously from $4.00) on shares of Electrovaya in a research note on Friday. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $6.10.

About Electrovaya

Electrovaya Inc engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties.